Form 990 for tax year 2023
Filed by CALIFORNIA STATE UNIVERSITY FRESNO FOUNDATION.
Totals
- Total revenue
- $104,187,298
- Total expenses
- $92,113,647
- Contributions and grants received
- $77,938,482
- Grants paid
- $8,519,463
- Program service revenue
- $12,968,477
- Investment income
- $13,167,771
- Other revenue
- $112,568
- Total assets, end of year
- $368,039,597
- Total liabilities, end of year
- $38,922,475
- Net assets or fund balances, end of year
- $329,117,122
- Program services expenses (Part IX)
- $80,361,618
- Management and general expenses
- $11,392,029
- Fundraising expenses
- $360,000
- Program service expenses (Part III)
- $80,361,618
Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$61,264,420
-
1f · All other contributions, gifts and grants
$16,674,062
-
2a · Program service revenue: ENDOWMENT MANAGEMENT FEES
total $1,561,000 · related or exempt $1,561,000
-
2b · Program service revenue: HANDLING FEES
total $199,588 · related or exempt $199,588
-
2c · Program service revenue: INCOME FOR CAMPUS SUPPORT
total $7,354,933 · related or exempt $7,354,933
-
2d · Program service revenue: NON-OPERATING REVENUE
total $3,852,956 · related or exempt $3,852,956
-
3 · Investment income
total $17,286,525 · excluded $17,286,525
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $10,009,413
-
7b · Less cost or other basis and sales expenses
securities $14,128,167
-
7c · Gain or loss
securities -$4,118,754
-
7d · Net gain or loss
total -$4,118,754 · excluded -$4,118,754
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISC AND OTHER FEES
total $112,568 · related or exempt $112,568
-
11e · Other revenue, total
$112,568
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $8,519,463 · program services $8,519,463
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $225,470 · management and general $225,470
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $20,915,240 · program services $20,132,363 · management and general $782,877
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $4,382,416 · program services $3,871,995 · management and general $510,421
-
10 · Payroll taxes
total $1,617,265 · program services $1,540,126 · management and general $77,139
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $643,156 · management and general $643,156
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: OTHER COSTS
total $27,967,113 · program services $21,163,817 · management and general $6,443,296 · fundraising $360,000
-
24b · Other expenses: CAMPUS SUPPORT
total $18,359,565 · program services $18,359,565
-
24c · Other expenses: OVERHEAD
total $5,812,578 · program services $5,812,578
-
24d · Other expenses: DONATIONS-AGENCY ACCOUNTS
total $2,709,670 · management and general $2,709,670
-
24e · All other expenses
total $961,711 · program services $961,711
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,059,760 · end of year $644,713
-
2 · Savings and temporary cash investments
beginning of year $85,790,535 · end of year $90,448,619
-
3 · Pledges and grants receivable
beginning of year $19,183,100 · end of year $31,319,700
-
4 · Accounts receivable
beginning of year $10,482,535 · end of year $11,273,891
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $663,145 · end of year $823,662
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $190,009 · end of year $247,598
-
10a · Land, buildings and equipment: cost or other basis
$1,064,657
-
10b · Land, buildings and equipment: accumulated depreciation
$603,634
-
10c · Land, buildings and equipment, net
beginning of year $465,758 · end of year $461,023
-
11 · Investments: publicly traded securities
beginning of year $209,679,065 · end of year $232,450,349
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $398,240 · end of year $370,042
-
17 · Accounts payable and accrued expenses
beginning of year $5,849,274 · end of year $7,013,978
-
19 · Deferred revenue
beginning of year $21,303,693 · end of year $25,506,023
-
23 · Secured mortgages and notes payable
beginning of year $2,000,000 · end of year $2,000,000
-
25 · Other liabilities
beginning of year $4,726,594 · end of year $4,402,474
-
27 · Net assets without donor restrictions
beginning of year $7,271,570 · end of year $13,067,959
-
28 · Net assets with donor restrictions
beginning of year $290,761,016 · end of year $316,049,163
Mission and programs · 2023
Mission
RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF CALIFORNIA STATE UNIVERSITY, FRESNO.
-
EXPENSE FOR ADMINISTRATION OF PROJECT FUNDS FOR ALL DEPARTMENTS, DIVISIONS, SCHOOLS AND PROGRAMS AT CSUF.
Expenses $71,842,155 · Revenue $12,968,477
-
SCHOLARSHIPS AND LOANS TO STUDENTS AT CSUF. APPROXIMATELY 23,832 STUDENTS; 13 LOANS AND 609 SCHOLARSHIPS (STUDENT SUPPORT).
Expenses $8,519,463 · Grants $8,519,463
As filed on the 2023 return.
Listed in Part VII
-
DR JIMENEZ-SANDOVAL
Secretary
- Total calculated
- $540,745
- From this org
- $0
- From related orgs
- $384,809
- Other
- $155,936
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- not reported + $384,809 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $105,600 related
- Nontaxable benefits
- not reported + $50,336 related
- Filer's total
- not reported + $540,745 related
-
DEBBIE ASTONE
Executive Dir.
- Total calculated
- $463,006
- From this org
- $0
- From related orgs
- $317,292
- Other
- $145,714
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- not reported + $317,292 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $101,533 related
- Nontaxable benefits
- not reported + $44,181 related
- Filer's total
- not reported + $463,006 related
-
KEITH KOMPSI
DIR FINL SERV
- Total calculated
- $225,470
- From this org
- $0
- From related orgs
- $129,986
- Other
- $95,484
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- not reported + $129,986 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $75,017 related
- Nontaxable benefits
- not reported + $20,467 related
- Filer's total
- not reported + $225,470 related
-
KARRI HAMMERSTROM
PROJECT DIRECTOR
- Total calculated
- $194,231
- From this org
- $162,180
- From related orgs
- $0
- Other
- $32,051
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,180
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $32,051
- Filer's total
- $194,231
-
DAVID FOSTER
PROJECT DIRECTOR
- Total calculated
- $180,420
- From this org
- $148,078
- From related orgs
- $0
- Other
- $32,342
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,078
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $32,342
- Filer's total
- $180,420
-
JENNIFER BUCHHOLZ
PROJECT DIRECTOR
- Total calculated
- $155,496
- From this org
- $127,474
- From related orgs
- $0
- Other
- $28,022
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,474
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $28,022
- Filer's total
- $155,496
-
BARBARA FOSTER
PROJECT DIRECTOR
- Total calculated
- $130,329
- From this org
- $126,008
- From related orgs
- $0
- Other
- $4,321
- Hours/week
- 40
-
WILLIAM ERYSIAN
PROJECT DIRECTOR
- Total calculated
- $128,941
- From this org
- $123,635
- From related orgs
- $0
- Other
- $5,306
- Hours/week
- 40
-
O JAMES WOODWARD III
Director
- Total calculated
- $0
- Hours/week
- 2
-
CHRIS MORSE
Director
- Total calculated
- $0
- Hours/week
- 2
-
ROD HIGGINS
Director
- Total calculated
- $0
- Hours/week
- 2
-
DR ERIC HANSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
LARRY JOHANSON
Director
- Total calculated
- $0
- Hours/week
- 2
-
DENNIS PARNAGIAN
Director
- Total calculated
- $0
- Hours/week
- 2
-
DARIUS ASSEMI
Director
- Total calculated
- $0
- Hours/week
- 2
-
JASON LIAO
Director
- Total calculated
- $0
- Hours/week
- 2
-
MAURINE JONES
Director
- Total calculated
- $0
- Hours/week
- 2
-
CLAUDE C LAVAL III
Director
- Total calculated
- $0
- Hours/week
- 2
-
DEBRA NALCHAJIAN-COHEN
Director
- Total calculated
- $0
- Hours/week
- 2
-
DR WILLIAM M LYLES
Director
- Total calculated
- $0
- Hours/week
- 2
-
VINCI RICCHIUTI
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
RICHARD F SPENCER
Director
- Total calculated
- $0
- Hours/week
- 2
-
KYLE STEPHENSON
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
A EMORY WISHON III
Director
- Total calculated
- $0
- Hours/week
- 2
-
CAROL CHANDLER
Director
- Total calculated
- $0
- Hours/week
- 2
-
NAT DIBUDUO
Director
- Total calculated
- $0
- Hours/week
- 2
-
JOAN EATON
Director
- Total calculated
- $0
- Hours/week
- 2
-
BILL SMITTCAMP
Director
- Total calculated
- $0
- Hours/week
- 2
-
DR JOAN OTOMO-CORGEL
Director
- Total calculated
- $0
- Hours/week
- 2
-
GEORGE SOARES
Director
- Total calculated
- $0
- Hours/week
- 2
-
KIM RUIZ-BECK
Director
- Total calculated
- $0
- Hours/week
- 2
-
MARK RUOF
Director
- Total calculated
- $0
- Hours/week
- 2
-
LORRAINE SALAZAR
Director
- Total calculated
- $0
- Hours/week
- 2
-
BILL SHAUGHNESSY
Director
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)3 · FOR THE BENEFIT OF CSUF STUDENTS & STAFF · CA
Directly controlled by NA
-
501(c)3 · EDUCATIONAL PURPOSES · CA
Directly controlled by NA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
NEW CALIFORNIA VENTURES LLC
UNIVERSITY SUPPORT · CA · income $2,367 · assets $583,290
Directly controlled by CALIF STATE UNIV FRESNO FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501289349304175
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